Torch River Resources Ltd.
TSX VENTURE : TCR

Torch River Resources Ltd.

June 06, 2005 19:10 ET

Torch River Resources Ltd.: News Release

CALGARY, ALBERTA--(CCNMatthews - June 6, 2005) - Torch River Resources Ltd. (TSX VENTURE:TCR) ("Torch") is pleased to announce that it has closed the previously announced non-brokered private placement of up to 2,000,000 Units at $0.15 per Unit. Such Units are comprised of one Common Share and one Warrant to purchase an additional Common Share of Torch at a price of $0.20, exercisable within a nine (9) month period, which hold period shall expire on October 6, 2005. The private placement closed on June 6, 2005. A total of 1,826,665 Units were subscribed for, representing $274,000.00 in proceeds. The proceeds of the private placement will be used as working capital by Torch. The private placement is subject to receipt of all necessary regulatory approvals.

Torch is a company listed and trading on the TSX Venture Exchange, symbol: TCR.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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